Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Shea who wrote (41795)	11/20/2000 1:17:31 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Kevin, I don't know the answer to your question. . . but it sounds much like Welfare . . .where they force applicants to sell their house, land, cars, furniture and anything else of any value. . . then calculate how long you can live off the proceeds from the sale of these [using their own formula] BEFORE beginning any payments. And if you lost your job due to a disability, they will not pay you a penny until every cent of the settlement has been used towards your care and feeding at their prescribed formula rate. And now that you have no where to live and no car, etc. . . .how exactly are you supposed to get a job? And they wonder why so few are able to work their way off government aid. It is a downward spiral. Which reminds me. . . .TO ALL: Today is a good day to make a few phone calls and find a family that cannot afford a turkey dinner. . . .and cough up the dough to pay for one from a local grocery store. . . Either by providing the groceries or the prepared dinners. Many grocery stores have such plans intact, and only need your money to implement them. Do not assume that just because you live in a beautiful area that there is no hunger nearby. It exists EVERYWHERE! The markets are not going to do much more today. Take the time . . . make the calls. . . and make a difference. Rande Is

To: Kevin Shea who wrote (41795)	11/20/2000 1:28:03 PM
From: fastcats	Read Replies (1) \| Respond to of 57584

OT Kevin - I am not in the business, but I believe the look-back period can extend to three years for assets deemed to have been transferred in anticipation of claiming Medicaid benefits for nursing home care, etc. PM me if you have trouble getting a definitive answer... I have a reliable, but difficult to contact, source. John

To: Kevin Shea who wrote (41795)	11/20/2000 11:52:28 PM
From: FritzV	Respond to of 57584

Kevin, I've not read comments since your message.. But, I believe they can look back 30 months worth of $$ Something like that.. There are some ways around it.. at least there were a couple years ago.. Joint Checking accts.. If the lil old lady has $50 k ini her checking acct. and she makes someone a partner in the joint acct. That other person can use the $$.. I don't think it's theft or anything.. If it happens to be a relative.. So be it! Seems like the 30 months is 30 x $3500 or a figure that they use as a national average. Over and above that can be gifted etc. I had a little experience.. first my dad was pretty weak so he put everything in moms name.. then she ends up in a home..she passed away sort of unexpected..and then a couple years ago dad got real weak and ended up in a nursing home.. I fibbed a bit abt his assets so the home would let him in.. then he passed away.. Next thing you know a couple months later I get called in on a medicare fraud investigation.. Big question was what happened to the assets you reported he had when he went in the home.. I was honest and said I wanted my dad in a nice place and had been told of the homes (unwritten) requirements for them to find a vacant room.. so I filled in what they wanted to hear.. I told them that I bet they'd do the same if it ment the difference between a normal nursing home and one of the best around.. also said that the Dr. had said a month or so of therapy (which I knew better). Id be happy to try and help via email or PM. Fritz